Insteel Indus (NYSE:IIIN) reported quarterly earnings of $0.57 per share which missed the analyst consensus estimate of $0.85 by 32.94 percent. This is a 51.69 percent decrease over earnings of $1.18 per share from the same period last year. The company reported quarterly sales of $166.90 million which missed the analyst consensus estimate of $177.39 million by 5.91 percent. This is a 6.48 percent decrease over sales of $178.46 million the same period last year.
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However, there is still an average job growth decrease of about 100,000 over the past three months when compared to early in the year.
